Strategic Move: FOX Secures Major Stake in Penske Entertainment and IndyCar Racing

Strategic Move: FOX Secures Major Stake in Penske Entertainment and IndyCar Racing

Fox Corporation, parent company of broadcast company FOX Sports, has announced that it has acquired a sizeable stake in Penske Entertainment. The 33% investment gives FOX a vested interest in Penske’s products, which include the NTT IndyCar Series and the Indianapolis Motor Speedway. FOX was already seen as having a strong desire to grow IndyCar, […]

Bővebben